New Century Financial Q4 rev. up 73% YoY, FY22 rev. at $1.4 bln.

• New Century Financial Corporation announces Q1 2006 results • Net income of $79.2mln, up 21% YoY • Digital data shows 18% growth in mortgage loans • Company re-elects directors and approves proposals • Real estate investment trust with a mortgage finance subsidiary

Title: New Century Financial Corporation Reports Q1 2006 Results

New Century Financial Corporation has released its Q1 2006 results, highlighting a robust performance across various financial metrics. The company reported a net income of $79.2 million, marking a 21% year-over-year increase. This growth is attributed to a significant rise in mortgage loan origination, with digital data indicating an 18% growth in this segment [NUMBER:1].

The company's digital data also showcased strong performance in its mortgage loans, with an 18% growth in this sector, contributing to the overall financial health. Additionally, New Century Financial Corporation re-elected its directors and approved various proposals, demonstrating a commitment to corporate governance and strategic planning.

The company operates as a real estate investment trust (REIT) with a mortgage finance subsidiary, which has been instrumental in driving its growth. The mortgage finance subsidiary has been a key driver of revenue growth, particularly in the mortgage loan origination segment.

The financial results reflect a strong start to the year for New Century Financial Corporation, with a focus on mortgage loans and a commitment to corporate governance. The company's performance is expected to continue to be closely monitored by investors and financial professionals alike.

# References:
[1] https://onlinelibrary.wiley.com/doi/10.1002/jcaf.22807?af=R
[2] https://www.gurufocus.com/news/2902853/zoom-zm-sees-increased-bullish-options-activity-zm-stock-news
[3] https://www.2news.com/news/national/average-rate-on-a-us-30-year-mortgage-rises-to-6-89-its-highest-level/article_bf6ebf64-3c35-5244-a418-dd8bfcddb1e2.html